SHOP - Options Database

SHOP

SHOPIFY INC A

$148.40 +7.60%

(9/22 09:40) ◀

Tuesday, September 22, 2026 (9:45am)

▶ (9/22 09:50)

◀ 9/22 09:45 ▶

Option Volume

Detail

ℹ

Current (09/22 9:45am) 39,418

Calls: 30,739 (78%)

Puts: 8,679 (22%)

Prior (08/05) 45,393

Calls: 27,718 (61%)

Puts: 17,675 (39%)

Current vs Prior -13.16%

Calls: +10.90% (Calls)

Puts: -50.90% (Puts)

Prior 7-Day Total 683,796

Calls: 434,962 (64%)

Puts: 248,834 (36%)

Prior 7-Day Average 97,685

Calls: 62,137 (64%)

Puts: 35,547 (36%)

Current vs Prior 7-Day Avg -59.65%

Calls: -50.53%

Puts: -75.58%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/22 9:45am) $23.13M

Calls: $21.16M (91%)

Puts: $1.97M (9%)

Prior (08/05) $37.50M

Calls: $26.68M (71%)

Puts: $10.82M (29%)

Current vs Prior -38.30%

Calls: -20.67%

Puts: -81.77%

Prior 7-Day Total $293.53M

Calls: $178.81M (61%)

Puts: $114.72M (39%)

Prior 7-Day Average $41.93M

Calls: $25.54M (61%)

Puts: $16.39M (39%)

Current vs Prior 7-Day Avg -44.83%

Calls: -17.16%

Puts: -87.96%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/22 9:45am) 0.28

Prior (08/05) 0.64

Current vs Prior -55.72%

Prior 7-Day Average 0.53

Current vs Prior 7-Day Avg -47.22%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/22 9:45am) 576,747

Calls: 303,669 (53%)

Puts: 273,078 (47%)

Prior (08/05) 824,777

Calls: 548,816 (67%)

Puts: 275,961 (33%)

Current vs Prior -30.07%

Prior 7-Day Total 4,985,545

Calls: 3,118,134 (63%)

Puts: 1,867,411 (37%)

Prior 7-Day Average 712,220

Calls: 445,447 (63%)

Puts: 266,773 (37%)

Current vs Prior 7-Day Avg -19.02%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)

Current 5.85% | 8.73%13.23% | 22.39%

Prior 4.71% | 7.07%7.07% | 14.30%

Current vs Prior +24.11% | +23.54%+87.11% | +56.56%

Prior 7-Day Avg 6.88% | 9.85%12.58% | 18.98%

Current vs 7-Day Avg -15.00% | -11.34%+5.14% | +18.00%

Prior 7-Day Eod 4.71% | 7.07%11.11% | 21.63%

Current vs 7-Day Eod +24.11% | +23.54%+19.08% | +3.53%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 10.93% | 19.34%

Calls: 5.77% | 17.35%

Puts: 16.09% | 21.33%

Prior 18.62% | 31.05%

Calls: 17.73% | 47.19%

Puts: 19.52% | 14.91%

Current vs Prior -41.30% | -37.71%

Prior 7-Day Avg 14.92% | 18.12%

Calls: 13.36% | 24.31%

Puts: 16.49% | 11.92%

Current vs 7-Day Avg -26.76% | +6.76%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 91% of dollar volume in calls ($21.16M) vs puts ($1.97M). Extreme bullish P/C ratio of 0.28 - heavy call buying (30,739 calls vs 8,679 puts). P/C ratio dropping 56% - sentiment shifting bullish. Declining open interest (down 30%) indicates positions being closed.

Smart Money BULLISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
09:45	BULLISH	BULLISH	BULLISH
09:40	BULLISH	BULLISH	BULLISH
09:35	BULLISH	BULLISH	BULLISH

📈 Options Analysis

🎯 Tightest Spreads

💰 Best Value Under $1

📊 High Delta (ITM)

🔥 High Volume

⏰ Backwardation

📈 Debit Spreads

📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

🦅 Iron Condors

🦋 Butterflies

⚖️ Ratio Spreads

🛡️ Covered Calls

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 34 of results (avg 7.4%, best 3.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$140.00	Sep 25	9.35	9.65	$9.50	3.2%	1.0K	0.82	5.5K
$145.00	Sep 25	5.80	6.00	$5.90	3.4%	700	0.65	983
$150.00	Oct 16	7.85	8.15	$8.00	3.8%	1.5K	0.50	8.7K
$152.50	Sep 25	2.45	2.57	$2.51	4.8%	5.0K	0.37	176
$145.00	Oct 16	10.10	10.60	$10.35	4.8%	1.8K	0.59	13.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$150.00	Oct 16	9.00	9.55	$9.28	5.9%	130	0.50	784
$155.00	Sep 25	8.05	8.55	$8.30	6.0%	20	0.71	--
$160.00	Sep 25	12.00	12.80	$12.40	6.5%	--	0.83	10
$157.50	Sep 25	10.10	10.80	$10.45	6.7%	1	0.78	--
$144.00	Sep 25	1.95	2.13	$2.04	8.8%	160	0.31	13

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.64, cheapest $0.39)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$162.50	Sep 25	0.70	0.76	$0.73	8.2%	1.0K	0.13	26

PUTS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$135.00	Sep 25	0.36	0.41	$0.39	12.8%	31	0.08	2.1K
$136.00	Sep 25	0.42	0.51	$0.47	19.1%	81	0.10	49
$139.00	Sep 25	0.80	0.96	$0.88	18.2%	76	0.16	66
$120.00	Oct 16	0.65	0.77	$0.71	16.9%	391	0.07	6.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 154 found (avg delta 0.75, highest 0.99)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$120.00	Sep 25	27.35	30.55	$28.95	11.1%	--	0.99	205
$123.00	Sep 25	24.25	27.60	$25.93	12.9%	5	0.99	3
$121.00	Sep 25	26.60	29.20	$27.90	9.3%	2	0.99	11
$125.00	Sep 25	22.50	25.40	$23.95	12.1%	--	0.98	213
$126.00	Sep 25	21.30	24.20	$22.75	12.7%	4	0.98	34

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	12.00	12.80	$12.40	6.5%	--	0.83	10
$172.50	Oct 23	24.85	27.60	$26.23	10.5%	--	0.80	21
$170.00	Oct 16	22.55	25.00	$23.78	10.3%	--	0.79	62
$157.50	Sep 25	10.10	10.80	$10.45	6.7%	1	0.78	--
$170.00	Oct 30	23.45	26.90	$25.17	13.7%	--	0.74	51

Most actively traded options today. High liquidity = easy entry/exit. 262 active (total vol 31.9K, top 5.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$152.50	Sep 25	2.45	2.57	$2.51	4.8%	5.0K	0.37	176
$155.00	Sep 25	1.77	1.94	$1.86	9.1%	2.3K	0.29	572
$145.00	Oct 16	10.10	10.60	$10.35	4.8%	1.8K	0.59	13.4K
$150.00	Sep 25	3.15	3.55	$3.35	11.9%	1.6K	0.46	1.5K
$150.00	Oct 16	7.85	8.15	$8.00	3.8%	1.5K	0.50	8.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$124.00	Sep 25	0.00	0.97	$0.49	198.0%	2.0K	0.06	2.2K
$135.00	Oct 16	2.83	3.20	$3.02	12.3%	541	0.23	1.7K
$120.00	Oct 16	0.65	0.77	$0.71	16.9%	391	0.07	6.1K
$144.00	Sep 25	1.95	2.13	$2.04	8.8%	160	0.31	13
$150.00	Oct 16	9.00	9.55	$9.28	5.9%	130	0.50	784

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 31 strikes (avg 26.7%, max 39.6%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$157.50	Sep 25	Oct 23	78.4%	56.2%	39.6%	226	114
$155.00	Sep 25	Oct 30	75.9%	55.2%	37.6%	2.3K	588
$160.00	Sep 25	Oct 30	80.5%	59.3%	35.8%	880	856
$148.00	Sep 25	Oct 23	71.6%	52.7%	35.7%	440	161
$149.00	Sep 25	Oct 23	73.6%	54.3%	35.6%	460	122

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Sep 25	Oct 30	80.5%	59.3%	35.8%	1	10
$148.00	Sep 25	Oct 23	71.6%	52.7%	35.7%	36	21
$155.00	Sep 25	Oct 16	75.9%	58.0%	30.8%	20	514
$141.00	Sep 25	Oct 16	71.8%	56.1%	28.0%	48	281
$150.00	Sep 25	Oct 23	71.8%	56.4%	27.4%	30	10

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 186 found (best R:R 4.68, avg 2.96)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$155.00	$160.00	Oct 30	$0.88	$4.12	$0.88	43%	4.68	$155.88
$135.00	$137.00	Oct 30	$0.62	$1.38	$0.62	72%	2.23	$135.62
$135.00	$136.00	Oct 2	$0.23	$0.77	$0.23	84%	3.35	$135.23
$140.00	$141.00	Oct 16	$0.12	$0.88	$0.12	68%	7.33	$140.12
$150.00	$152.50	Oct 16	$0.65	$1.85	$0.65	50%	2.85	$150.65

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$148.00	$145.00	Oct 23	$1.07	$1.93	$1.07	46%	1.80	$146.93
$165.00	$162.50	Oct 23	$1.66	$0.84	$1.66	71%	0.51	$163.34
$148.00	$147.00	Sep 25	$0.37	$0.63	$0.37	47%	1.70	$147.63
$137.00	$136.00	Oct 9	$0.18	$0.82	$0.18	24%	4.56	$136.82
$139.00	$138.00	Oct 2	$0.18	$0.82	$0.18	24%	4.56	$138.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 132 found (best R:R 0.85, avg 0.41)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$150.00	$155.00	Oct 30	$2.60	$2.60	$2.40	49%	1.08	$152.60
$165.00	$170.00	Oct 30	$1.58	$1.58	$3.42	68%	0.46	$166.58
$160.00	$162.50	Oct 23	$0.98	$0.98	$1.52	64%	0.64	$160.98
$152.50	$155.00	Oct 16	$1.22	$1.22	$1.28	54%	0.95	$153.72
$155.00	$157.50	Oct 23	$1.15	$1.15	$1.35	57%	0.85	$156.15

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$124.00	$123.00	Sep 25	$0.46	$0.46	$0.54	94%	0.85	$123.54
$127.00	$126.00	Oct 9	$0.46	$0.46	$0.54	89%	0.85	$126.54
$134.00	$132.00	Oct 16	$0.76	$0.76	$1.24	78%	0.61	$133.24
$145.00	$135.00	Oct 30	$3.60	$3.60	$6.40	58%	0.56	$141.40
$135.00	$131.00	Oct 23	$1.15	$1.15	$2.85	75%	0.40	$133.85

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 14 found (avg debit $2.21, cheapest $3.48)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$149.00	Sep 25	Oct 2	$1.95	73.6%	60.6%
$147.00	Sep 25	Oct 2	$2.45	73.3%	61.8%
$152.50	Sep 25	Oct 2	$2.14	74.5%	63.6%
$150.00	Sep 25	Oct 2	$2.10	71.8%	61.2%
$146.00	Sep 25	Oct 2	$2.42	71.8%	61.4%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$148.00	Sep 25	Oct 9	$3.48	71.6%	57.4%
$147.00	Sep 25	Oct 2	$1.95	73.3%	61.8%
$150.00	Sep 25	Oct 2	$1.97	71.8%	61.2%
$146.00	Sep 25	Oct 2	$1.97	71.8%	61.4%
$144.00	Sep 25	Oct 2	$1.89	70.5%	60.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 68 found (cheapest 5.44% of stock, avg 10.36%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$148.00	Sep 25	$4.33	$3.75	$8.08	$139.92	$156.08	5.44%
$147.00	Sep 25	$4.75	$3.38	$8.13	$138.87	$155.13	5.48%
$146.00	Sep 25	$5.28	$2.86	$8.14	$137.86	$154.14	5.49%
$149.00	Sep 25	$3.90	$4.35	$8.25	$140.75	$157.25	5.56%
$150.00	Sep 25	$3.35	$4.93	$8.28	$141.72	$158.28	5.58%
$145.00	Sep 25	$5.90	$2.49	$8.39	$136.61	$153.39	5.65%
$144.00	Sep 25	$6.55	$2.04	$8.59	$135.41	$152.59	5.79%
$143.00	Sep 25	$7.20	$1.76	$8.96	$134.04	$151.96	6.04%
$142.00	Sep 25	$7.98	$1.46	$9.44	$132.56	$151.44	6.36%
$141.00	Sep 25	$8.85	$1.25	$10.10	$130.90	$151.10	6.81%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.31% of stock, avg 6.64%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$157.50	$144.00	Sep 25	$1.39	$2.04	$3.43	$140.57	$160.93
$155.00	$144.00	Sep 25	$1.86	$2.04	$3.90	$140.10	$158.90
$157.50	$145.00	Sep 25	$1.39	$2.49	$3.88	$141.12	$161.38
$155.00	$145.00	Sep 25	$1.86	$2.49	$4.35	$140.65	$159.35
$152.50	$144.00	Sep 25	$2.51	$2.04	$4.55	$139.45	$157.05
$157.50	$146.00	Sep 25	$1.39	$2.86	$4.25	$141.75	$161.75
$152.50	$145.00	Sep 25	$2.51	$2.49	$5.00	$140.00	$157.50
$155.00	$146.00	Sep 25	$1.86	$2.86	$4.72	$141.28	$159.72
$152.50	$146.00	Sep 25	$2.51	$2.86	$5.37	$140.63	$157.87
$157.50	$147.00	Sep 25	$1.39	$3.38	$4.77	$142.23	$162.27

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 246 found (best R:R 0.32, avg credit $0.81)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
123/124	165/168	Sep 25	$0.60	$1.90	84%	0.32	$123.40	$165.60
126/127	165/168	Oct 9	$1.07	$1.43	65%	0.75	$125.93	$166.07
123/124	160/162	Sep 25	$0.75	$1.75	77%	0.43	$123.25	$160.75
123/124	162/165	Sep 25	$0.61	$1.89	81%	0.32	$123.39	$163.11
123/124	158/160	Sep 25	$0.83	$1.67	71%	0.50	$123.17	$158.33
123/125	170/172	Oct 23	$1.00	$1.50	64%	0.67	$124.00	$171.00
120/122	170/172	Oct 23	$0.91	$1.59	67%	0.57	$121.09	$170.91
123/124	155/158	Sep 25	$0.93	$1.57	65%	0.59	$123.07	$155.93
128/129	165/168	Oct 9	$0.96	$1.54	62%	0.62	$128.04	$165.96
123/124	165/168	Oct 9	$0.81	$1.69	68%	0.48	$123.19	$165.81

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 126 found (best R:R 34.71, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$155.00	$160.00	$165.00	Oct 16	$0.14	$4.86	14%	34.71
$165.00	$170.00	$175.00	Oct 16	$0.06	$4.94	11%	82.33
$145.00	$150.00	$155.00	Oct 30	$0.32	$4.68	15%	14.62
$155.00	$157.50	$160.00	Sep 25	$0.10	$2.40	12%	24.00
$157.50	$160.00	$162.50	Sep 25	$0.08	$2.42	9%	30.25

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$150.00	$155.00	$160.00	Oct 16	$0.25	$4.75	16%	19.00
$160.00	$165.00	$170.00	Oct 16	$0.35	$4.65	13%	13.29
$145.00	$146.00	$147.00	Oct 2	$0.05	$0.95	5%	19.00
$136.00	$137.00	$138.00	Oct 2	$0.05	$0.95	4%	19.00
$138.00	$139.00	$140.00	Oct 2	$0.05	$0.95	4%	19.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 91 found (best net $-0.17, 89 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$170.00	$175.00	1:2	Oct 2	-$0.19	$4.81
$172.50	$175.00	1:2	Sep 25	-$0.16	$2.34
$170.00	$172.50	1:2	Sep 25	-$0.21	$2.29
$160.00	$162.50	1:2	Sep 25	-$0.44	$2.06
$165.00	$167.50	1:2	Sep 25	-$0.30	$2.20

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$160.00	$145.00	1:2	Oct 30	-$0.17	$14.83
$162.50	$150.00	1:2	Oct 23	-$1.14	$11.36
$155.00	$150.00	1:2	Sep 25	-$1.56	$3.44
$145.00	$135.00	1:2	Oct 30	-$1.75	$8.25
$126.00	$125.00	1:2	Sep 25	-$0.06	$0.94

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 57 found (best yield 3.98%, avg 2.37%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$160.00	Oct 30	$5.90	0.38	7.8%	3.98%	11.79%	8	211
$150.00	Oct 30	$9.45	0.51	1.1%	6.37%	7.45%	18	100
$155.00	Oct 30	$6.85	0.43	4.5%	4.62%	9.06%	5	16
$155.00	Oct 23	$6.60	0.43	4.5%	4.45%	8.89%	3	84
$150.00	Oct 23	$8.50	0.51	1.1%	5.73%	6.81%	166	25
$160.00	Oct 23	$5.00	0.36	7.8%	3.37%	11.19%	22	66
$165.00	Oct 30	$3.70	0.32	11.2%	2.49%	13.68%	10	24
$162.50	Oct 23	$4.30	0.32	9.5%	2.90%	12.40%	130	--
$152.50	Oct 23	$6.85	0.47	2.8%	4.62%	7.38%	5	26
$157.50	Oct 23	$5.20	0.39	6.1%	3.50%	9.64%	2	36

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
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Current Put/Call Breakdown

Total Calls 30,739

Total Puts 8,679

Put/Call Ratio 0.28

Net Difference 22,060

Prior's Put/Call Breakdown

Total Calls 27,718

Total Puts 17,675

Put/Call Ratio 0.64

Net Difference 10,043

Prior 7-Day Put/Call Summary

Total Calls 434,962

Total Puts 248,834

Average Put/Call Ratio 0.53

Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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